Michele Allen, Chief Financial Officer at Jersey Mike's Subs Inc. (JMKE), bought 11,543 shares at $23.00 ($265K) on 2026-07-31, disclosed to the SEC on 2026-08-04.
CFO Michele Allen purchased $230,000 of stock at $23.00, marking the largest insider purchase in the company's history. This high-profile buy by a C-suite executive during the post-IPO period suggests confidence in the valuation following the recent market debut.
The stock is currently trading at $23.37, roughly 6.41% below its 52-week high of $24.97, having fallen 6% on its first day of trading on July 30, 2026, and is now trading back at its IPO price of $23.00.
1) Q3 earnings on September 25, 2026; 2) The company filed a shelf registration on August 2, 2026, permitting future equity raises; 3) The stock is currently trading at a 28% discount to its DCF intrinsic value estimate according to Simply Wall St. (August 2, 2026).
The stock is currently trading at a 6% discount to its 52-week high, and recent news indicates that Jersey Mike's shares fell 6% on their first day of trading, lagging behind the average first-day performance for IPOs of positive 17% this year (July 30, 2026).
Something here stands out, but not much.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $0.00 | 43 | $0 | 0.0% |
| 2 | $23.00 | 1,500 | $35K | 13.0% |
| 3 | $23.00 | 10,000 | $230K | 87.0% |
| Total | $22.91 avg | 11,543 | $265K | 100% |
| Filing → |
| WH | SELL | 2024-10-25 | $1.3M | — | Filing → |
| WH | SELL | 2024-06-03 | $173K | — | Filing → |
| WH | SELL | 2024-05-29 | $176K | — | Filing → |